Origination

DebtX, based in Boston, Massachusetts, has partnered with SEBA Professional Services will sell a $5 billion portfolio of non-performing residential loans for HUD.

Purchase share continued to inch up in September as refinances receded, according to data presented by Ellie Mae in the company's Origination Insight Report.

Sentiment is "cautiously optimistic" surrounding the future of the nation's economy, although the federal government shutdown was cause for some concern, according to the Federal Reserve's Beige Book released Wednesday. Revealing economic conditions in each of the Federal Reserve's 12 districts, the report found "modest to moderate" economic expansion over the reporting period from August 27 through October 7. Reports of the housing market were generally positive, with most markets growing--or at least not faltering.

Mortgage rates broke their streak of weekly declines, climbing this week as the federal budget deadline approached.

The Mortgage Bankers Association (MBA) has appointed Tricia Migliazzo as VP of membership for the association's Residential Policy & Member Services Group.

Bank of America released Wednesday its third-quarter earnings report, showing healthy growth despite an expected weakening in its mortgage banking operations. According to the earnings release, BofA took in $2.5 billion in Q3, a significant increase from the $340 million reported in the year-ago quarter. However, the bank's Consumer Real Estate Services division reported a net loss of $1.0 billion, faring even worse than last year's loss of $857 million.

The Mortgage Bankers Association's (MBA) Market Composite Index increased 0.3 percent on a seasonally adjusted basis for the week ending October 11.

Freddie Mac has made available a Spanish version of CreditSmart, the company's free online tutorial designed to educate families on building savings and personal credit, making wise financial choices, and becoming successful homeowners.

Homebuyer interest picked up slightly in September, but the number of customers willing to pull the trigger on purchasing declined substantially, Redfin reported in its latest Real-Time Demand Pulse. The number of buyers requesting home tours from Redfin agents rose 0.2 percent from August, turning up from a steady downward spiral that started in May. Meanwhile, the number of homebuyers submitting offers fell 11.8 percent, the largest monthly drop Redfin has recorded all year.

Multifamily lenders provided a total of $146.1 billion in new mortgages for apartments with five or more units--a 33 percent increase from 2011, according to data from the Mortgage Bankers Association (MBA). "In many ways we were in a golden age of multifamily finance in 2012, that to a large extent continues today," said Jamie Woodwell, MBA's VP of commercial real estate finance. "Low interest rates, strong property fundamentals and increasing multifamily property prices are all supporting a very favorable lending environment."